Metaplanet 3350.T
Metaplanet holds 43,000 BTC · mNAV 0.716× (discount). As of 2026-07-10.
- BTC held
- 43,000
- mNAV
- 0.716×
- Market cap
- $1.97B
- BTC value
- $2.75B
Tokyo-listed; JPY market cap FX-converted to USD for a comparable ratio.
How the ratio is built
mNAV = equity market cap ÷ value of BTC held. Above 1× the equity trades at a premium to its Bitcoin NAV; below 1× a discount. Market cap here is 248 JPY × 1280M shares (shares as of 2026-06-27), FX-converted to USD. It is an observable ratio, not a valuation judgement or advice.
Cohort context
Across all public companies tracked, corporate treasuries hold 1,279,883 BTC (2,343 vs 30 days ago) — roughly 6.09% of Bitcoin’s market cap. Per-company time series is not tracked here; figures are point-in-time as of 2026-07-10.
Sources
- Yahoo Finance — 3350.T equity quote
- Metaplanet (3350.T) shares outstanding ~1.28B (2026-06-27) — maintained constant; dilutes fast via equity issuance, update frequently
- Yahoo Finance — JPY/USD FX
- CoinGecko — public-company Bitcoin treasuries (holdings)
as of 2026-07-10
Observable public-company Bitcoin data, sourced and dated. mNAV has no standard definition; figures are point-in-time, methodology-dependent, and can differ between trackers. Information, not financial advice. How CoinBucha computes its cohort: methodology. Machine-readable: coinbucha.com/treasury.json.